# Corporation Tax Act 2010, Section 1076: Transfer of shares in subsidiaries to members


A distribution is an exempt distribution if—
(a) it consists of the transfer by a company to all or any of its members of shares in one or more companies which are its 75% subsidiaries,
(b) each of conditions A to F in sections 1081 and 1082 is met in respect of the distribution, and
(c) if the company making the transfer is a 75% subsidiary of another company, conditions L and M in section 1085 are met in respect of the distribution.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1076 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1076
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.